#Ethereum metrics are telling 2 very different stories right now
A Messari analyst says Ethereum is “dying” as revenue fell 44% in August. Others argue it’s a flawed way to measure the blockchain’s success.
A Messari analyst sparked heated debate over the weekend after declaring Ethereum is “dying” as network revenue declined in August.
In an X post on Saturday, Messari research manager AJC stated that “Ethereum’s fundamentals are collapsing,” as Ethereum's revenue from fees in August was $39.2 million, down over 40% year-over-year and approximately 20% month-over-month.
